Digital Commons Network^™

Social And Commercial Crowdfunding Through The Lens Of The Theory Of Planned Behaviour And Financial Well-Being, Joanna Adamska, Urszula Mrzygłód

Journal of Banking and Financial Economics

A unique feature of crowdfunding is that it relies on numerous individuals contributing financially to the project, which sets it apart from traditional financing channels. Unlike banks, where funding decisions are subject to strict prudential criteria and the creditworthiness of the borrowing entity, crowdfunding projects appeal to various worldviews and values held by potential backers. Therefore, the financial decision to support the crowdfunding project becomes a unique problem in personal finance. This study aims to analyse the psychological and financial factors influencing crowdfunding participation, comparing social and commercial projects using the Theory of Planned Behaviour (hereinafter: TPB) and subjective financial …

Is Knowledge Really Power And Ignorance Bliss? A Study Of Financial And Pension Ignorance, Agata Olechnowicz-Szewczyk, Elżbieta Babula

Journal of Banking and Financial Economics

In this study, we examine the impact of financial and pension ignorance (information avoidance) on the decisionmaking process for long-term savings. We define the concept of pension ignorance, as active avoidance of retirement information, failure to make decisions regarding retirement savings, and a lack of strategic retirement planning. To assess financial ignorance, we utilized the scale developed by Barrafrem et al. (2024), while pension ignorance was evaluated using the scale designed by the authors. The study was conducted with a sample of 1,200 Polish residents aged 18 to 65, using the Computer-Assisted Web Interviewing (CAWI) method. The findings reveal that …

Forging Monetary Hawks: Early-Life Inflation Experiences And Government Debt In Africa, Christine Strong

Economics Faculty Publications

This study uses a novel dataset to examine the impact of early‐life inflation experiences on government debt across 30 African nations from 1980 to 2022. We propose that central bankers who encountered inflation crises during their formative years are more likely to develop preferences for hawkish monetary policies. However, for these preferences to influence fiscal outcomes, central bankers must operate within an environment of institutional independence. Indeed, our analysis reveals that past exposures to inflation crises, on their own, have no statistically significant impact on government debt. However, when central bank independence is accounted for, a significant negative relationship emerges, …

Shaping Pakistan's Future, Sdsb 360 Magazine

Faculty Research - Newspaper and Magazine Articles

SDSB 360 is in conversation with Dr. Ishrat Husain, an influential Pakistani banker, economist, and reformer whose leadership has shaped Pakistan’s financial landscape. From steering the State Bank of Pakistan (1999–2006) to driving educational excellence as Dean of IBA Karachi (2008–2016) and championing institutional reforms as Advisor to the Prime Minister (2018–2022), Dr. Husain’s career is a testament to visionary leadership and a relentless pursuit of progress.

Analisis Pengaruh Kualitas Institusi Politik Terhadap Konsentrasi Pm2.5 Di Negara G20, Afif Dhia Pratama, Dwi Rahmayani

Jurnal Ekonomi dan Pembangunan Indonesia

This study aims to analyze the influence of political institutional quality, proxied by democracy, political globalization, and good governance, on PM2.5 concentration in G20 countries as well as prove the Environmental Kuznets Curve (EKC) Hypothesis and Pollution Halo Hypothesis (PHH) from 1998 to 2022. The Autoregressive Distributed Lag (ARDL) method is employed in this analysis. The results show that democracy reduces PM2.5 concentration only in the long run. However, good governance decreases PM2.5 concentration in the short term but increases it in the long run. Political globalization shows no significant influence on PM2.5 concentration. Furthermore, the study also revealed that …

Total Factor Productivity Industri Mikro Dan Kecil Di Kawasan Timur Indonesia, Marella Dea Manganti, Budyanra Budyanra

Jurnal Ekonomi dan Pembangunan Indonesia

The Micro and Small Industries (MSIs) sector, part of non-oil and gas processing industry, is a key driver of the Indonesia’s economy. However, in Eastern Indonesia (EI), the number of industries and workers in the MSIs sector does not match the level of output, unlike in Western Indonesia, where the industry is more stable and aligned. This difference is mainly due to variations in technological progress, known as Total Factor Productivity (TFP). This study analyzes TFP in the MSIs sector across provinces in EI from 2013 to 2022 using panel data regression. Results show that South Sulawesi has the highest …

Peran Kawasan Ekonomi Khusus (Kek) Terhadap Pertumbuhan Ekonomi Wilayah: Analisis Spasial Eksternalitas, Rizani Violita, Khoirunurrofik Khoirunurrofik

Jurnal Ekonomi dan Pembangunan Indonesia

This study examines the impact of SEZs in Indonesia on regional economic growth, including impacts on neighbouring regencies and cities, using a Dynamic Spatial Durbin Model. The study indicates the impact of SEZs is only evident in tourism SEZs, while manufacturing SEZs have no discernible impact. The impact of SEZs on regional growth is transient. The significant variables are prior regional growth, Domestic Investment (PMDN), Labor Force Participation Rate (TPAK), Availability of Information and Communication Technology, Human Development Index (HDI), and GRDP growth. Influencing variables in the surrounding areas include GRDP growth and the diffusion of information and communication technologies.

Bogging Down Investors: An Unintended Consequence Of Litigation Risk, Siwen Fu, Ke Wang, Liandong Zhang, Liu Zheng

Research Collection School Of Accountancy

Securities litigation risk is a well-recognized yet underexplored source of financial reporting complexity or unreadability. This study examines the effect of litigation risk on the readability of corporate financial reports. The 1999 Silicon Graphics Inc. (SGI) court ruling unexpectedly reduced litigation risk for firms within the Ninth Circuit Court’s jurisdiction. Using a difference-in-differences design centered on the SGI court ruling, we find that, while the readability of financial reports generally declines over the sample period, treated firms in the Ninth Circuit experience a comparatively smaller decline in readability than control firms in other states after the ruling. Put differently, treated …

Athletic Trainers' Perspectives On Resources And Preparation Needed For Successful Salary Negotiation, Kimberly R. Detwiler, Cailee E. Welch Bacon, Indigo B. White, Leanne E. Jones, Julie M. Cavallario

Rehabilitation Sciences Faculty Publications

Context

Many athletic trainers (ATs) work under high stress, long hours, and low pay. These conditions often lead ATs and athletic training students to leave the profession. Previous studies show that over half of ATs do not negotiate salary, often because they feel the offer is fair or fear losing the job. Additional support is needed to help ATs prepare for negotiations, as current resources are limited.

Objective

This study explored ATs’ views on the resources need to prepare for salary negotiations during the hiring process.

Design

Consensual qualitative research.

Setting

Individual video interviews.

Patients or Other Participants

Twenty-eight participants …

Quantum Immortality: A Perspective If Ai Doomers Are Probably Right, Alexey Turchin, James Miller

Economics: Faculty Publications

What should you believe will be the likely cause of your survival if you are an AI Doomer who believes in quantum immortality? An AI Doomer believes that if their understanding of AI existential risks is correct, humanity must get extremely lucky to survive. A person who believes in quantum immortality thinks that the many-worlds interpretation of quantum physics implies that their consciousness will necessarily continue in some branch of the multiverse. This article shows that combining these two beliefs requires rejecting or going beyond simple Bayesian reasoning when estimating one's most likely cause of survival. Such estimates may have …

Sports Facilities, Trails, And Travel Cost: A Non-Market Valuation Case Study Of Parks In Montana, Clemens Walter Wilson

Graduate Student Theses, Dissertations, & Professional Papers

This study applies the travel cost valuation method to urban parks in the State of Montana in an effort to determine whether parks with attributes related to exercise have greater value for recreationalists. By observing real recreation behaviour of urban park visitors through the use of cellphone mobility data, recreational demand for varying parks can be ascertained. To model recreational demand, the random utility model (RUM) and multinomial logit model (MNL) are leveraged to understand choice probabilities of parks, based on the attributes of parks, including sports facilities and trails. This study finds that there are positive and significant relationships …

Essays On Place-Based Policy And Regional Economic Development, Tingting Peng

Electronic Theses & Dissertations (2024 - present)

The first chapter examines the economic impacts of large theme park openings in China from 2000 to 2020 using a newly compiled dataset on county-level theme parks and entrepreneurship. Leveraging the staggered openings of theme parks across various counties, we document three main findings. First, theme park openings lead to a 14% increase in entrepreneurial activities, especially in tourism-related service sectors. This result is robust to the instrumental variable approach, the heterogeneous treatment effect, alternative specification and measurement, and propensity score matching. Second, theme park openings generate spillover effects on neighboring counties within a 50-75 kilometer radius. Third, we identify …

Essays On Health Economics, Quan Qi

Electronic Theses & Dissertations (2024 - present)

The first chapter examines whether Medicare Part D---the largest expansion of Medicare in recent decades---had a lasting impact on retirement behavior by providing subsidized prescription drug coverage to older adults. We employ a difference-in-difference-in-differences framework that compares changes in labor supply among individuals aged 65–68 versus 55–64 in a treatment group with employer-sponsored retiree health insurance (RHI) only until age 65, relative to a control group with lifetime RHI, before and after the 2006 implementation of Part D. Using data from Health and Retirement Study (2000-2018), we find that Part D reduces full-time employment by 6.52 percentage points among the …

In Memoriam: Bruce Bigelow, 1943 - 2025, Kenneth Colburn

Midwest Social Sciences Journal

No abstract provided.

Author Biographical Notes

Midwest Social Sciences Journal

No abstract provided.

Editorial History

Midwest Social Sciences Journal

No abstract provided.

Mission And Editorial Policy

Midwest Social Sciences Journal

No abstract provided.

Volume 28, Issue 1 Full Contents

Midwest Social Sciences Journal

No abstract provided.

Measuring Income And Income Inequality, Conor Clarke, Wojciech Kopczuk

Scholarship@WashULaw

Income inequality is important, but attempts to measure it arrive at strikingly different conclusions. Why? We use recent disputes over measuring United States income inequality to return to first principles about both the income concept and inequality measurement. We emphasize two broad points. First, no measure of the income distribution is truly comprehensive, or could attempt to be comprehensive without making controversial choices. We document the practical and conceptual problems that the standard ideal—comprehensive Haig-Simons income—raises. Second, much of the controversy in this area turns on the many tradeoffs between starting with individual tax data versus more expansive income concepts. …

The Economics Of Substance Use: Treatment, Intervention, And Regulation, Christine Bretschneider-Fries

Graduate Theses, Dissertations, and Problem Reports (ETD)

Substance use in the United States has remained an area of concern with rates of overdose deaths increasing steadily over the years. Historically, the United States has relied on abstinence based treatment options for individuals with substance use disorder. Economists have long been interested in the affects of various supply and demand side policy interventions to help reduce the instance of substance use disorder, especially following the prescription opioid crisis of the 1990s and early 2000s. Supply side policies are most commonly enacted as a way to reduce the supply of illicit substances that enter the market. However, these supply …

Three Essays On Sustainability Economics, Hélène Flore Nguemgaing

Graduate Theses, Dissertations, and Problem Reports (ETD)

As global economies face increasing resource dependencies and supply chain challenges, it becomes essential to understand the vulnerabilities that threaten economic stability. This dissertation investigates three empirical issues in agribusiness and critical minerals using econometric models to estimate the following: 1) the impact of supply chain disruptions on stock market returns during COVID-19; 2) the extraction of rare earth elements from acid mine drainage treatment by investigating the impacts of ownership and legislation in West Virginia and Pennsylvania; 3) China-to�FOBb (Free-on-Board) price transmission in rare earth elements markets: a copula-based dynamic tail dependence analysis.

The first essay evaluates how events …

Energetic And Economic Aspects Of Rebound, Part I: Foundations Of A Rigorous Analytical Framework, Matthew Kuperus Heun, Gregor Semieniuk, Paul E. Brockway

University Faculty Publications and Creative Works

Widespread implementation of energy efficiency is a key greenhouse gas emissions mitigation measure, but rebound can ‘‘take back’’ energy savings. However, the absence of solid analytical foundations hinders empirical determination of the size of rebound. A new clarity is needed, one that involves both economics and energy analysis. In this paper (Part I), we advance foundations of a rigorous analytical framework for consumer-sided rebound that starts at the microeconomic level and is approachable for both energy analysts and economists. We develop foundations of a framework that (i) clarifies the energy, expenditure, and consumption aspects of rebound, (ii) combines embodied energy …

Young Women In Cities: Urbanization And Gender-Biased Migration, Yumi Koh, Jing Li, Yifan Wu, Junjian Yi, Hanzhe Zhang

Research Collection School Of Economics

Young women outnumber young men in cities in many countries during periods of economic growth and urbanization. This gender imbalance among young urbanites is more pronounced in larger cities. We use the gradual rollout of Special Economic Zones across China as a quasi-experiment to establish the causal impact of urbanization on gender-differentiated incentives to migrate. We highlight the role of the marriage market in increasing rural women’s chance of marrying and marrying up in urban areas during rapid urbanization.

Redesigning Home Reversion Products To Empower Retirement For Singapore's Public Flat Owners, Koon Shing Kwong, Jing Rong Goh, Jordan Jie Xin Lee, Ting Lin Collin Chua

Research Collection School Of Economics

This paper introduces an innovative sell-type home reversion product aimed at monetizing Singapore’s public flats, serving as a new alternative to the existing Singapore Lease Buyback Scheme (LBS). This new product not only retains the LBS’s guaranteed period of residence in the property along with life annuity incomes but also enhances the product features to meet specific homeowner needs, including the ability to age in place, flexibility in retaining part of the property, options for bequests, and guaranteed principal return. By incorporating these additional features, the new product seeks to stimulate greater demand for monetizing public flats among asset-rich but …

Gauging Growth Risk In An International Financial Centre: Some Evidence From Singapore, Hwee Kwan Chow

Research Collection School Of Economics

This paper applies the growth-at-risk framework proposed by Adrian et al. (2019) to Singapore, an international financial centre whereby financial shocks are intermediated away quickly. We gauge near-term risks around growth projections taken from the survey of professional forecasters by accounting for financial stress in both local and global financial markets, as well as worldwide economic uncertainty. The conditioning variables are first linked to future growth through quantile regressions, and the estimated quantiles are fitted with skew t-distributions to produce full predictive distributions. Scenario analysis reveals that greater local financial strain tends to widen the uncertainty of growth outlook, higher …

Essays On Innovation And Labor Market Benefits, Kyoungah Noh

Electronic Theses & Dissertations (2024 - present)

The first chapter examines the impact of bank failures on team-based innovation, focusing on the persistence of inventor teams under credit supply constraints. Using U.S. patent and FDIC data from 2000 to 2012, this paper presents three main findings. First, bank failures significantly reduce both the number of team patents and the number of inventors with collaborators. Second, negative banking shocks decrease the likelihood that inventor teams remain together for projects in subsequent periods. However, team-specific factors, including geographic proximity, prior collaboration experience, and smaller team sizes, mitigate the adverse effects of bank failures and help preserve the stability of …

Essays On Health Economics, Yiran Han

Electronic Theses & Dissertations (2024 - present)

The first chapter examines relationships between physicians exposed to new drugs’ clinical trials and prescribing. Clinical trials benefit patients directly by providing novel treatments, but little is known about the indirect effects of clinical trials on physician prescribing through localized knowledge spillover. This study examines whether exposure to a clinical trial of a new drug in a physician’s local geographic area affects the physician’s propensity to prescribe the drug, i.e. a localized knowledge spillover from clinical trial sites to physician. Utilizing the Medicare Part D prescribing patterns of more than 10,000 physicians across 29 new cancer drugs approved by the …

Essays On Robust Inference Under Multiway Clustering, Jiahao Lin

Electronic Theses & Dissertations (2024 - present)

The first chapter studies wild bootstrap-based inference for regression models with multiway clustering. Our proposed methods are multiway counterparts to the (one-way) wild cluster bootstrap approach introduced by Cameron et al. (2008). We establish the validity of our methods for studentized statistics. Theoretical results are provided, accommodating arbitrary serial dependence in the common time effects – an aspect excluded by existing two-way bootstrap-based approaches. Simulation experiments document the potential for enhanced inference with our novel approaches. We illustrate the effectiveness of the methods by revisiting an empirical study involving multiway clustered and serially correlated data.

The second chapter studies jackknife …

Essays On Technological Change And Scientific Research, Max Mayca

Electronic Theses & Dissertations (2024 - present)

The primary objective of economic science has long been to understand and promote growth, as it contributes to a more prosperous civilization and improves individual well-being. The core drivers of growth—capital accumulation, human capital development, and technological progress—are well-established. While capital deepening enables scaling of production, and human capital enhances labor productivity, technological and scientific advancements remain the most critical, as they continually redefine the efficiency frontier. Given this centrality, it is essential to understand how technological progress affects labor markets, how research resources should be allocated, and how technology relates to human capital formation.

The first part of this …

The Savings Mirage, Sara Sternberg Greene

Faculty Scholarship

In the past, we did not worry much about elderly poverty because retirement was short for most Americans – a brief jaunt of post-work life was soon met with death. But with the 100-year life becoming a reality for more Americans, an elderly poverty crisis looms. The American dream of abundant retirement savings remains elusive for many, particularly low-wage workers. While government initiatives emphasize individual responsibility and financial education as a way toward retirement success, the reality is that governmental policies are barriers, including asset limitations that prevent those who receive public benefits from saving. This chapter urges reform in …